First Union launches VISA cash card

Published on November 15, 1995.

First Union Corp., Atlanta, and 12 merchants announced the launch of the First Union VISA Cash card today. Most merchants will launch the program during the first quarter of 1996. The cards look like credit cards and will be sold as prepaid, stored-value cards in increments of $10, $20, $50 and early in 1996 $100.